【$GWEI Signal】Watching or placing orders for a pullback to go long, beware of distribution in overbought zones

$GWEI 1H RSI 77.42, 4H Bollinger upper band at 0.1301 has been broken. Sell order depth is only 0.37, funding rate at 0.07% is relatively high. MACD 1H histogram shrinking, buying momentum weakening. Current price at 0.13472 is close to the suggested upper limit, short-term space for chasing longs is very narrow.
🎯Direction: Watch (placing orders)
⚡Entry/Order: 0.11643 - 0.13405, low buy orders in this range, prioritize placing at 0.11643
🛑Stop loss: 0.10955
🚀Target 1: 0.13472
🚀Target 2: 0.13525
🛡️Trade management: - Execution strategy: After order trigger, if price quickly rises to Target 1, reduce position by 50%, move stop loss up to break even; if price falls back below 0.11643, exit with stop loss.
Depth logic: 4H trend remains bullish, but 1H overbought conditions combined with sell order depth disadvantages, short-term pullback pressure is evident. Placing orders near EMA20 (0.1162) can achieve a better risk-reward ratio. Current funding rate is relatively high, watch out for short squeeze risks, but shorting conditions are not yet mature.
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